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US targets Iran's central bank as world takes aim at Iran's nuclear program

The United States on Monday took steps targeting Iran’s central bank and its energy sector, acting just days after the United Nations’ nuclear watchdog expressed “deep concern” about the military applications it has detected in Iran’s nuclear program.

The Obama administration announced it was naming Iran’s central bank a “primary money laundering concern” amid mounting international pressure against Iran.

Also Monday, Britain announced it was cutting all British ties with Iranian banks, including the central bank, while Canada announced similar action. And French President Nicolas Sarkozy sent a letter to Western leaders, including President Obama, recommending an immediate freeze on the assets of Iran’s central bank.

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